The “flight to quality” that’s benefitted owners of prime Manhattan properties is remarkably mirrored in London, the market that’s most relevant to New York’s. According to Knight Frank, the UK’s leading property management and leasing firm, vacancy rates have plunged in the most desirable London submarkets and in the newest office towers especially — which should … Read more
You might think the biggest problem billionaire Citadel boss Ken Griffin faces in moving his hedge fund and market-making empire from crime-ridden Chicago to the sunny and far less dangerous confines of Miami is the cost of the move. Yes, his team will be eating losses on expensive real estate (including his Chicago penthouse) that they need … Read more
Billionaire investors and renowned hedge fund managers, such as Pershing Square Capital Management’s Bill Ackman, Citadel’s Ken Griffin, and Susquehanna International Group co-founder Jeff Yass, bought millions of Nike shares in Q2 despite the company struggling to retain the top market spot due to headwinds on multiple fronts. Shares are down over 20% year-to-date and … Read more
Ken Griffin, the CEO of Citadel hedge fund, has been revealed as the buyer who spent a record-breaking $44.6 million on a stegosaurus fossil at a recent auction, according to a source familiar with the purchase. The skeleton, known as Apex, is believed to be 150 million years old and is the largest stegosaurus ever … Read more
Ken Griffin, the CEO of Citadel hedge fund, has been revealed as the buyer who spent a record-breaking $44.6 million on a stegosaurus fossil at a recent auction, according to a source familiar with the purchase. The skeleton, known as Apex, is believed to be 150 million years old and is the largest stegosaurus ever … Read more
According to a PriceWaterhouseCoopers study, AI could contribute over $15.7 trillion to the global economy at the end of the decade, where $6.6 trillion is estimated to come from enhanced productivity and $9.1 trillion from consumption-side effects. AI’s ability to learn without human intervention and eliminate redundant tasks has driven high demand for the technology … Read more
The Internal Revenue Service issued a rare apology to billionaire investor Ken Griffin over the leak of his tax returns to the press. The apology follows the Monday settlement of a lawsuit the Citadel CEO filed against the IRS in 2022, alleging that an employee at the agency illegally leaked his tax returns to the … Read more
A new stock exchange in Dallas, Texas, is set to begin securities trading next year, with plans to start listing companies by 2026. The Texas Stock Exchange (TXSE) Group has secured $120 million in funding from over two dozen investors, including Larry Fink’s Blackrock and Kenneth Griffin’s Citadel, making it “the most well-capitalised exchange entrant … Read more
Ken Griffin’s Citadel Securities lambasted Devin Nunes, the CEO of Truth Social’s parent company, as a “proverbial loser” after the former Republican congressman blamed Wall Street market makers for Trump Media and Technology Group’s tanking stock price. The war of words was triggered by a letter Nunes sent to the Nasdaq Stock Market on Thursday … Read more
Donald Trump’s relationship to the GOP donor class has always been fraught, but lately it’s getting less so thanks to Sleepy Joe Biden’s endless idiocy on a range of policy issues — from Israel, the border, to the economy and crime — and how all this combined seems to be handing the 2024 election to … Read more
